Legal Question in Family Law in California
Divorce and stock values
When I left my husband the stocks he had through his company were worth $13,000 ($1 per share) The company went public after date of seperation and are now worth about $20 per share. Am I entitled to what they are worth now or what they were worth at time of separation?
2 Answers from Attorneys
Re: Divorce and stock values
You should have an attorney on this, however, generally, community property is valued as of the date of trial or the division of the property. Therefore, they are valued as of the current value, not the date of separation. Good Luck, Pat McCrary
Re: Divorce and stock values
The important issue is whether or not the stocks are community property. Certainly if they were bought or earned during the marraige, they should be deemed as community property. As your husband's pension benifits are also community property and are increased after separation through the employer's contribution, and you are entitled to the increased value, so should you share in the increased stock value. Please obtain representation to protect your rights. Call me directly at 16192223504.
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